Will Ethereum (ETH) Price Restest $3k In Coming Week or Surge Above $3.5k?

The post Will Ethereum (ETH) Price Restest $3k In Coming Week or Surge Above $3.5k? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Over the last 24 hours, the market has been primarily in the red. Bitcoin, the market leader, fell 3 percent, while Ethereum fell 1.9  percent. Meanwhile, the rest of the top altcoins have lost a significant amount of value in the last 24 hours, with SOL, LUNA, and ADA all dropping more than 6 percent.

The ETH/USD has traded in a range of $3,183 to $3,305 in the last 24 hours, exhibiting significant volatility. Ether (ETH) peaked at $3,580 on April 3 after a 42 percent rally over three weeks and has since experienced a 12 percent fall to $3,140.

Ethereum is facing strong resistance from the $3.3K level, according to a tweet by Bitcoinsensus. At $3K and $2.8K, we have strong support and may retest them. At the time of writing, ETH is trading at $3209 and is down by more than 1.5 percent in the last 24 hours.

The highs of April 3 at $3,581.60 are an immediate initial upward target for ETH purchasers. A daily break below $3,071.17, on the other hand, would set a downside target of $2,800. The market would then attempt to test the March 15 low of $2,508.05.

On the 7th of April, reversal began, resulting in a return of over $3,200 support overnight. A sharp drop was quickly rejected, implying that ETH/USD will continue to rise over the weekend. We’ve seen swift downside rejection in the second half of the day, as well as a return to the $3,300 resistance level. If the present trend continues, ETH Price should continue to rise over the weekend, most likely to the $3,400 resistance level.